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Woolco was an American-based discount retail chain. It was founded in 1962 in Columbus, Ohio, by the F. W. Woolworth Company.It was a full-line discount department store unlike the five-and-dime Woolworth stores which operated at the time.
Just before it was floated on to the London Stock Exchange in November 1970, the company changed its name to Kwik Save Discount Group Ltd. [6] In 1973, Gubay sold Kwik Save for $28 million. [ 8 ] Gubay repeated the low price retail model using the 3 Guys brand in New Zealand, Ireland and the United States.
In May 1992, Asda reduced their prices back to their traditional level (5–7% below competitors) and announced that they would eliminate over 500 management positions. Underperforming stores were initially converted to a new discount format called "Dales" [27] [28] but this had been ended by 1998.
Asda Express Asda: Chain of smaller c-store shops within the wider Asda business started in 2022, with plans for 300 by 2026. [11] Asda also operate a petrol forecourt c-store estate and work with partners through the 'Asda On The Move' brand. [12] Circle K: Alimentation Couche-Tard
Facing increasing pressure from supermarkets and new discount chains, and following Kingfisher's failed merger attempt with Asda (which resulted in Walmart acquiring the latter chain), in July 2001, Superdrug was sold to Kruidvat, a chemist operator from continental Europe, to allow Kingfisher to focus on its DIY and electrical chains.
Edeka also owns a separate discount supermarket chain, Netto Marken-Discount, which is completely unrelated to Dansk Supermarked. The United Kingdom Netto stores, also set up in 1990, were later sold to the British supermarket chain Asda , (owned by the United States retailer Walmart ), in 2010.